Cloud Native Software Is Fastest Growing Segment Fueling The Growth Of Cloud Native Software Market

 


The global Cloud Native Software Market is estimated to be valued at US$ 5.80 Bn in 2023 and is expected to exhibit a CAGR of 34.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Cloud native software refers to applications built and run to take advantage of cloud infrastructure and services. Cloud native applications integrate seamlessly with cloud platforms and allow organizations to utilize services like auto-scaling, serverless computing, container orchestration etc. and build more efficient, secure and agile applications.

Market key trends:
Microservices architecture- Cloud native applications are increasingly built using microservices architecture which involves decomposing an application into smaller, independent services. This brings benefits like increased agility, scalability and developer productivity.
Serverless computing- Cloud native developers are widely adopting serverless computing solutions which allow them to build and run applications without thinking about servers. This reduces cost and complexity. Serverless architectures are gaining traction for building event-driven serverless functions.
Containers- Application containers are ubiquitous in cloud native environments to package and deploy applications. Container platforms like Docker and Kubernetes have become extremely popular for developing, deploying and orchestrating cloud native workloads at scale.


Segment Analysis
The cloud native software market is segmented by deployment into public cloud, private cloud, and hybrid cloud. The public cloud segment dominated the market in 2022 and is expected to continue its dominance over the forecast period. Public cloud offers several benefits such as lower upfront costs, scalability, and no requirement for infrastructure management. These benefits have resulted in more organizations adopting public cloud services.

Key Takeaways

The Global Cloud Native Software Market Size is expected to witness high growth, exhibiting a CAGR of 34.8% over the forecast period, due to increasing adoption of microservices among organizations. Microservices provide granular control over applications and improve scalability and flexibility.

Regionally, North America dominated the cloud native software market in 2022 and is expected to continue its dominance during the forecast period. Advanced cloud architecture, along with a focus on innovation and technology by major companies, drives the adoption of cloud native solutions in the region.

Key players operating in the cloud native software market include Microsoft, IBM, Dynatrace, Datadog, Splunk, New Relic, GitLab, CircleCI, CloudBees, Snyk, Twistlock, Qualys, Salesforce, SAP, Adobe, Oracle, VMware, and Red Hat. Rancher Labs and Sysdig are also prominent players in the market. CloudBees, for instance, offers DevOps solutions to build, package, release, and automatically deploy applications in the cloud. Dynatrace provides automated instrumentation which helps solve issues 60% faster.

The global cloud native software market size is expected to witness high growth, exhibiting a CAGR of 34% over the forecast period 2023 to 2030, due to increasing adoption of microservices among organizations. Microservices provide granular control over applications and improve scalability and flexibility. Regionally, North America dominated the cloud native software market in 2022 and is expected to continue its dominance during the forecast period, owing to advanced cloud architecture and focus on innovation by major companies in the region. Key players operating in the cloud native software market include Microsoft, IBM, Dynatrace, Datadog, Splunk, New Relic, GitLab, CircleCI, CloudBees, Snyk, Twistlock, Qualys, Salesforce, SAP, Adobe, Oracle, VMware, and Red Hat. Rancher Labs and Sysdig are also prominent players. CloudBees offers DevOps solutions to build, package, release, and automatically deploy applications in the cloud. Dynatrace provides automated instrumentation which helps solve issues 60% faster.

For More Insights, Read: https://www.newsstatix.com/cloud-native-software-market-size-share-and-growth-forecast-2023-2030/

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